Question

“As the Internet of things advances, the very notion of a clear dividing line
between reality and virtual reality becomes blurred, sometimes in creative
ways.” Geoff Mulgan, University College London

What is the “Internet of Things” and what are what are the roles of the different
company functions in it’s implementation?

Answer 1

Solution:

Internet of things is a term that denotes the network of things where things are connected to each other, in this case by the internet. Hence, this is a network of things connected to each other via the internet. The internet of things involves the use of sensors to capture the readings about various appliances in real time so that we can track the realtime performance of these appliances and can gauge any need for assistance to the particular appliance. We can also easily identify the failures with the help of senosrs. Thus, this network of things connected by internet is of extreme value to the businesses.

Different company functions are attached to the network of the things and hence multiple business functions can track the metrics of their relevance real time and hence it helps the businesses to stay connected to their key metrics in real time and hence they will be in a position to make effective decisions to impact the business positively. Hence, this is how the multiple business functions benefits from the implementation of internet of things in their business operations.

HEnce, this is the overview of internet of things and how it is useful for various businesses.